IBT Staff Reporter

56311-56340 (out of 154942)

Wall Street rises in choppy session

Stocks rose in choppy trading on Tuesday as investors hoped the Federal Reserve's policy panel would add more monetary stimulus to kick-start economic recovery.

Fed begins policy meeting

The U.S. Federal Reserve opened a two-day meeting on Tuesday that is expected to end with a decision to stock up on longer-term Treasury notes in a bid to boost a fading economic recovery.

ConAgra profit misses as flour costs rise

ConAgra Foods Inc reported lower-than-expected quarterly earnings on Tuesday, hurt by higher costs for flour, and said it saw commodity costs for the year rising more than previously expected.

ConAgra profit falls as flour costs rise

ConAgra Foods Inc reported lower quarterly earnings on Tuesday, hurt by higher costs for flour, and said it sees commodity costs for the year rising more than previously expected.

Mortgage rule to be released early next year: CFPB

The new Consumer Financial Protection Bureau will release a final rule early next year requiring lenders to make sure prospective borrowers have the ability to repay their mortgages, the acting head of the agency said on Tuesday.

Oil downside risk rises as economic outlook darkens

A series of supply squeezes have helped keep oil strong this year but some of them have been short-term factors and could give way to longer-term weakness as the outlook for the world economy and global fuel demand dims.

August housing starts fall more than expected

Housing starts fell more than expected in August as groundbreaking for both single-family and multi-family units dropped, suggesting the economy will not get help from residential construction anytime soon.

IMF warns U.S., Europe could slip into recession

Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, the International Monetary Fund said on Tuesday.

Futures gain ahead of 2-day Fed meeting

Stock index futures rose on Tuesday a day after a week-long rally was halted as investors waited to see if the Federal Reserve's policy-setting panel offers aid to a sputtering U.S. economy.

S&P adds to euro stress with Italy cut

Standard and Poor's rocked the euro and bond markets on Tuesday with a one-notch cut in Italy's credit rating that added fuel to opposition calls for Prime Minister Silvio Berlusconi to resign and increased pressure on the debt-stressed euro zone.

Futures up ahead of Fed two-day meeting

Stock index futures rose on Tuesday a day after a week-long rally was halted as investors waited to see if the Federal Reserve's policy-setting panel offers aid to a sputtering U.S. economy.

Stock futures signal mixed open

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 down 0.2 percent, the Dow Jones futures down 0.1 percent and the Nasdaq 100 futures up 0.1 percent at 0740 GMT.

Japan tells arms supplier to probe cyber attack

Japan told its biggest weapons supplier, Mitsubishi Heavy Industries, to investigate a cyber attack on its computers on Tuesday, warning it may have breached contracts to supply billions of dollars of equipment by keeping quiet about the online assault.

Sanofi CEO says drug industry undervalued

Sanofi SA's chief executive has already put his company's patent expiration woes in the rear view mirror and believes that the French drugmaker and the pharmaceutical industry are undervalued.

Bank of China halts FX swaps with some European banks

Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.

Samsung Seeks to Gun Down iPhone 5; Delay in Release?

Just a few weeks before Apple is said to be releasing its most anticipated iPhone 5, which could halt Samsung’s aggravating success with the Galaxy Line, the South Korean firm is considering legal action to ban the sales of the upcoming iPhone.

Google and Visa team up on mobile payments

Google Inc has enlisted Visa Inc in its effort to push mobile payments, striking an agreement to allow Visa account-holders to pay for store purchases with their smartphones.

Italy Credit Downgraded, French Banks Pressured

Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis.

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